Level I was a test of your knowledge of the ethical and professional standards of sound financial analysis. In the Level II CFA® exam, you’ll be tested on your ability to use that knowledge in realistic situations that analysts face.
The knowledge you need prior to preparing for Level II is the knowledge you were tested on during your Level I exam. Your exam prep process for Level II will arm you with the skills to apply that knowledge to some of the work financial analysts are expected to perform.
The topics tested in Level II include:
The general recommendation is that you spend roughly 300 hours preparing for each level of the CFA exam. According to a 2016 survey, Level II candidates spent an average of 329 hours preparing for the exam.
We suggest that candidates employ The Kaplan Way, a three-phase learning strategy: Prepare • Practice • Perform®. This methodology is the foundation upon which Schweser’s CFA exam prep products are built.
Looking for additional tips to help you prepare for the Level II CFA exam? Look no further.